8 September, 2019
Land Price Index (LPI) for the Colombo District, compiled by the Central Bank of Sri Lanka (CBSL), reached 132.2 during the first half of 2019, an increase of 13.6 per cent compared to the first half of 2018. The three sub-indices of LPI, Residential, Commercial and Industrial contributed to this increase.
Industrial LPI recorded the highest year-on-year increase of 14.9 per cent while the Commercial LPI and Residential LPI increased by 13.2 per cent and 12.8 per cent, respectively.
The LPI increased by 5.1 per cent from the second half of 2018 to the first half of 2019.